Azernews.Az

By Mirsaid Ibrahimzade

Presently, Azerbaijan plays significant role in improving regional and global energy security. The favorable geographical position of Azerbaijan and its energy resources are vital factors to establish favorable condition for exports of oil and gas and act as a transport connector among neighboring countries.

Parviz Shahbazov, Minister of Energy, met with the former U.S. Ambassador to Azerbaijan Robert Cekuta, a member of the Board of the Caspian Policy Center.

The meeting discussed the situation around the Caspian region, trends in the global energy sector, as well as the impact of new technologies and digitalization. The role of the Caspian region in the integration with energy and transport projects was also discussed.

The parties exchanged views on the process of regulating the oil market in the format of OPEC+, the implementation of the Southern Gas Corridor project and reforms in the energy sector of Azerbaijan. Shahbazov praised the U.S.-Azerbaijan energy projects and said that this cooperation contributed to the diversification of gas supplies to European consumers.

Shahbazov also informed the guest about the tasks to be solved in the field of renewable energy and liberalization of the energy sector.

It is noteworthy that Azerbaijan is a very comfortable transport hub for Caspian region states. The major energy project passing through the Caspian region is the Southern Gas Corridor.

The $40 billion worth project, envisages the transportation of 10 billion cubic meters of gas to Turkey and Europe through the pipeline, which will be operated within the second stage of the Shah Deniz gas condensate field project in the Azerbaijani sector of the Caspian Sea.

The Corridor consists of four projects: Shah Deniz 2, Expansion of South Caucasus Pipeline (Baku-Tbilisi-Erzurum), the Trans Anatolian Pipeline (TANAP) and Trans Adriatic Pipeline (TAP).

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Mirsaid Ibrahimzade is AzerNews’ staff journalist, follow him on Twitter: @MirsaidIbrahim1

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